Phone Booklet -THicks

NMLS 101770
Timothy Hicks
Mortgage Advisor NMLS #115000
Cell: 360.433.7831
Download your secret weapon
https://TimothyHicks.Cardtapp.com

MORTGAGE TOOL KIT
Now you can stay
connected with me
anywhere at your
convenience
Apply online, share or
refer me with your friends
Check out current
mortgage rates and ask
for your rate quote
Calculate 3 different
ways with my
mortgage calculator
Get informed with
current market news
Watch my helpful video
guides for your
“how to?” and
“what if?” questions
Letʼs connect on LinkedIn

PRE-APPROVAL POWER
Understanding your purchase power will
allow you to narrow your home search by
knowing exactly what you qualify for
Now that you are pre-approved and
searching for your perfect home you can
Request your Pre-Approval Letter from the
ease of your phone when you are ready to
make the offer

I’LL DO THE HARD WORK
Donʼt waste time shopping for a loan.
Let me do the hard work.
Every situation is different. Iʼm a broker with
the ability to consider a wide range of
options for you and build your own loan,
rather than making you fit a mold.
With my app, youʼre free to play with
the numbers at your own leisure.

LOAN PROGRAMS
1% Down Payment Loan
Looking to purchase your first home or primary residence with a reduced down
payment? This Conventional loan is designed for people with a strong credit history
who want to keep as much money in their wallet when buying a home
Conventional Loans
Typically, conventional loans have better rates, terms and lower fees than other types
of loans. With great to excellent credit, conventional loans are ideal for borrowers who
have at least 5%-20% down payment or in some cases 3% down, including gift funds
FHA Loans
For first-time home buyers or buyers with less than perfect credit, FHA loans are more
flexible than conventional loans. Potential applicants may be eligible to purchase with
only 3.5% down, and their down payment can be gifts from friends or family
members. You may even qualify for an FHA loan with a higher debt-to-income ratio
VA Loans
Qualified veterans may be eligible for 100% financing. While VA loans are generally
less flexible than FHA loans, VA mortgage options allow for some flexibility with your
debt-to-income ratio and credit score. Veterans who have had a VA loan before may
still have “remaining entitlement” to use for another VA loan
USDA Loans
This zero-down, 100% financing loan program assists low and moderate-income
borrowers to obtain a primary residence in eligible rural and suburban areas. The
income restrictions are generous and defined as a household income earning up to
115% of the areaʼs median income. This is a great option for those who are down
payment challenged looking to buy a primary residence
Portfolio Loans
Perhaps you donʼt fit the mold for “normal” financing due to recent credit issues or
you have a unique property type. Portfolio loans are designed to help those with a
unique situation. Getting a portfolio loan is more of a common sense type of
approach to mortgage lending, unlike your conventional/FHA mortgage that is pretty
much a check-in-a-box, black and white type of approval process. With a portfolio loan,
the story matters

MORTGAGE DO’S
Do advise me if any information
youʼve provided changes. This
can include address, job, salary
or anything during loan process
Do keep records of all bank
transactions, especially if you
transfer large amounts from one
account to another
Do protect your credit scores
and make all of your payments
on time throughout the loan
process
Do communicate with third party
providers such as; Title and
Escrow, your Insurance Agent,
Home inspectors, Realtors,
Appraiser, etc.
Do provide upfront supporting
documentation such as:
Paystubs, W2s, Tax Returns,
Bank Statements, Assets, etc.
Do reach out to your Insurance
Agent to set up Homeowners
Insurance with proper coverage
amount

MORTGAGE DON’TS
Donʼt make any significant
purchases during the loan
process. It could negatively
affect your ability to qualify
Donʼt pay old collections or
charge offs. This can actually
cause your credit score to drop
(Strange, I know)
Donʼt consolidate credit cards or
get any new lines of credit. This
can also negatively affect your
ability to qualify
Donʼt cosign for another
borrower. This will show up as
additional debt and could affect
your credit
Donʼt change jobs if possible.
Itʼs usually more desirable to
show a two-year work history
and a new job could effect that
Donʼt move your money around.
This includes investment
accounts, opening and or
closing any accounts or making
unexplained large deposits

Timothy Hicks has lived in
Vancouver, WA since 1999. He was
recruited to join a local mortgage
brokerage in 2003 and after 7 years took a
short reprieve in 2010 to pursue other
opportunities and use his experience in
different fields. While these experiences
were valuable and rewarding, by 2013
Timothy was ready to get back to his roots
and reentered mortgage lending and has
been waxing stronger ever since. One of his
many passions lie in helping people live
better, low stress and financially smarter
lives.
Download your secret weapon
https://TimothyHicks.Cardtapp.com